Platinum Investment Management Ltd. Makes New Investment in Advanced Micro Devices, Inc. (NASDAQ:AMD)

Platinum Investment Management Ltd. acquired a new position in shares of Advanced Micro Devices, Inc. (NASDAQ:AMDFree Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 6,838 shares of the semiconductor manufacturer’s stock, valued at approximately $1,008,000.

Several other hedge funds have also added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Advanced Micro Devices in the 4th quarter worth approximately $3,426,529,000. International Assets Investment Management LLC increased its stake in Advanced Micro Devices by 15,896.5% during the 4th quarter. International Assets Investment Management LLC now owns 3,737,433 shares of the semiconductor manufacturer’s stock valued at $550,935,000 after purchasing an additional 3,714,069 shares in the last quarter. Capital World Investors raised its holdings in Advanced Micro Devices by 176.9% during the fourth quarter. Capital World Investors now owns 4,668,542 shares of the semiconductor manufacturer’s stock worth $688,190,000 after buying an additional 2,982,704 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Advanced Micro Devices by 104.6% in the fourth quarter. Private Advisor Group LLC now owns 99,165 shares of the semiconductor manufacturer’s stock valued at $14,574,000 after buying an additional 2,278,076 shares in the last quarter. Finally, Sylebra Capital LLC acquired a new position in shares of Advanced Micro Devices during the third quarter valued at about $227,566,000. 71.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on AMD shares. Barclays raised their price target on shares of Advanced Micro Devices from $200.00 to $235.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. KeyCorp cut their price objective on shares of Advanced Micro Devices from $270.00 to $230.00 and set an “overweight” rating on the stock in a report on Wednesday, May 1st. Rosenblatt Securities restated a “buy” rating and set a $250.00 price target on shares of Advanced Micro Devices in a report on Wednesday, May 1st. Susquehanna reduced their price objective on shares of Advanced Micro Devices from $200.00 to $185.00 and set a “positive” rating for the company in a research report on Monday, April 29th. Finally, Roth Mkm reduced their price objective on shares of Advanced Micro Devices from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $185.26.

Check Out Our Latest Report on AMD

Advanced Micro Devices Trading Up 0.7 %

Shares of AMD stock traded up $1.09 on Friday, hitting $167.87. 44,795,998 shares of the company’s stock traded hands, compared to its average volume of 50,097,296. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 2.64. Advanced Micro Devices, Inc. has a one year low of $93.11 and a one year high of $227.30. The company’s fifty day simple moving average is $161.33 and its 200 day simple moving average is $161.36. The stock has a market capitalization of $271.33 billion, a price-to-earnings ratio of 246.87, a P/E/G ratio of 1.92 and a beta of 1.69.

Advanced Micro Devices (NASDAQ:AMDGet Free Report) last released its earnings results on Tuesday, April 30th. The semiconductor manufacturer reported $0.62 EPS for the quarter, beating the consensus estimate of $0.61 by $0.01. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.48 billion. Advanced Micro Devices had a net margin of 4.89% and a return on equity of 5.72%. The firm’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS. Equities analysts forecast that Advanced Micro Devices, Inc. will post 2.62 EPS for the current year.

Insider Buying and Selling at Advanced Micro Devices

In other Advanced Micro Devices news, CEO Lisa T. Su sold 125,000 shares of the stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the completion of the sale, the chief executive officer now owns 3,222,230 shares of the company’s stock, valued at approximately $628,753,739.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP Mark D. Papermaster sold 16,200 shares of Advanced Micro Devices stock in a transaction dated Monday, April 15th. The shares were sold at an average price of $164.25, for a total transaction of $2,660,850.00. Following the completion of the transaction, the executive vice president now directly owns 1,554,602 shares of the company’s stock, valued at approximately $255,343,378.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Lisa T. Su sold 125,000 shares of Advanced Micro Devices stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $195.13, for a total transaction of $24,391,250.00. Following the transaction, the chief executive officer now directly owns 3,222,230 shares of the company’s stock, valued at $628,753,739.90. The disclosure for this sale can be found here. Insiders sold 157,400 shares of company stock valued at $30,077,126 in the last quarter. Company insiders own 0.73% of the company’s stock.

Advanced Micro Devices Company Profile

(Free Report)

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.

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Institutional Ownership by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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